Tao Liangchen

Chapter 838 Such a Big Investment?

  The thing is, Su Yehao never considered profiting from establishing a private university.

  In Europe, America, Australia, and elsewhere, some universities sound prestigious, but in reality, you can get in as long as you pay. They brazenly turn the field of education into a high-profit industry, completely disregarding what the students actually learn.

  It doesn't even matter if you don't speak the language. Anyway, adding a few more auditors doesn't cost anything. They grab whoever they can to make money, which is why the overseas study rate at Donghuang Rose Middle School was so high back then.

  But this time, Su Yehao is aiming to create a world-class prestigious school. It's unlikely to happen overnight, and will probably take a long time to accumulate.

  While it's not 100% a charitable undertaking, it's pretty close. He plans to use the university he's starting to prepare as a talent reserve base for his company, only recruiting the world's top talent and specifically cultivating some elite students.

  Although investing in a university is not just about throwing money at it to raise its level, the amount of funding will inevitably affect the development of a university.

  Don't think that Su Yehao was always absent when he was studying in Hong Kong, and didn't even attend the graduation ceremony in the end. When it comes to throwing money around, he's more confident than anyone else right now.

  Initial construction phase.

  He first made a budget of $600 million over five years.

  This $600 million budget is solely for building school dormitories and the like. How much more will be added in the future will depend on what's needed at the time.

  Projects like this that take a long time don't put any pressure on Su Yehao at all. Besides, he can throw out some profitable projects at that time, such as new energy vehicle batteries, semiconductors, intelligent terminal components, etc. The profits generated from them might be enough to support the school.

  From September to the beginning of December, his net worth skyrocketed by more than $5 billion. Yanwenzi's stock price has been rising all the way, and his investments are flourishing. The stock prices of Apple and Amazon are rebounding and warming up, and the mainland stock market is also initially emerging from the bear market. This makes Su Yehao full of confidence, and his mentality is that of someone with immense wealth.

  The market's spring has only just begun, and he's even annoyed that his assets are too good.

  Even if he invests billions of dollars in this school over the next ten or twenty years... it doesn't seem like a big deal. In the future, by leveraging the school's resources, he can incubate a few more good companies and easily earn back both the principal and the interest.

  Su Yehao is even considering swallowing the Baihetan Hydropower Station, which is expected to cost about the same as the Three Gorges Dam, at least $20 billion. Although a university costs money, he can indeed easily afford it.

  The specific plan hasn't been finalized yet, so Su Yehao is first gathering people and personally asking about the land.

  At this moment.

  He crossed his legs, and said with a smile:

  "I remember seeing news in the newspaper around '98, saying that non-profit organizations and schools could acquire land through negotiated leases. The land I've drawn on the map, I plan to invest 30 to 40 billion Hong Kong dollars in it over the next twenty years to build a university similar to MIT or Stanford. The specific plan is still being sorted out. You first tell me which piece of land can be used, so I can make a planning design."

  The old man sitting across from him, who is already in his sixties, raised his eyebrows in surprise and asked:

  "Thirty to forty billion Hong Kong dollars, such a big investment? I was just saying, how come young people like you are only focused on doing business all day long. Finally, you've earned enough money to start giving back to society?"

  "Yes, but haven't I always been giving back? Singapore has such low tax rates, and they've asked me several times with the courtesy of three visits to a thatched cottage, but I haven't agreed to move my global headquarters there. It's because I want to give back a little more wealth. I'm very happy to pay taxes too. And the semiconductor industrial park, that industry is thankless and takes up so much of my working capital. I originally had the opportunity to retire at twenty-one, but I've been working hard until today. Hong Kong Microelectronics has directly provided more than 1,600 high-paying jobs, and the tourism industry has benefited countless people."

  Su Yehao added with a smile:

  "Uncle Chen, this is a heart-wrenching, hard-earned investment that I finally made after gritting my teeth. Whether or not we can improve Hong Kong's cutting-edge education field in the future depends on how readily you approve the land. If I go to Pengcheng, they might agree to let me enroll students independently, but I still thought of you first."

  "...Retiring at twenty-one, how can you say such a shameless thing? Also, I might not believe it if others said that Singapore had visited them three times with the courtesy of three visits to a thatched cottage, but I believe it when it comes to you. Tell me which piece of land you have your eye on first. As long as it can be approved, I will definitely help."

  Uncle Chen had just heard that Su Yehao was here, so he specifically canceled the meeting to meet him, leaving a group of people hanging.

  There's no way around it. The face of Prince Hao is just that valuable now.

  With Su Yehao's personality, he rarely attends gatherings and doesn't like to come to this office building. If he comes, it's probably because he has something to do.

  However, Uncle Chen never expected that Su Yehao would want to invest so much money to establish a university. In his opinion, this is certainly a great thing.

  However, a pie falling from the sky is too big, and it's easy to stun people.

  Taking a cautious approach, Uncle Chen still asked tentatively: "You wouldn't be trying to soften me up before asking for a favor, would you? Did you do something wrong and want me to help you smooth things over?"

  Hearing this, Su Yehao looked speechless.

  Su Yehao said:

  "I'm not here to give you gifts. I just think there aren't enough talented people being cultivated locally. I'm really just doing good. Of course, the funding can't be less, and don't charge me for the land. Good steel should be used on the edge of the blade. I specifically inquired that the average salary for a professor-level employee at MIT is more than $180,000. Good teachers can teach excellent students, and everything costs a lot of money."

  "It does cost money. A budget of several billion a year isn't enough. I knew I should have partnered with you to develop the Kai Tak Digital Port. I would have sold you the residential land at a low price. Who knew the land price would go up again."

  "...One thing is one thing. The land for the Hong Kong Digital Port on Hong Kong Island that the Li family had their eye on hasn't been planned yet, right? Don't put my school in the middle of nowhere, where it's not convenient for students to go out for a meal."

  "Young master, shouldn't they be able to study more peacefully the further away they are from the city? The island is only so big. Maybe it will be developed into houses in the future. This piece of land won't be cheap once it's released."

  After listening to Uncle Chen, Su Yehao shook his head and said:

  "Instead of wasting time arguing, I might as well develop my Kai Tak Digital Port. It was originally an airport, so it's easy to plan. There's still some land left nearby that hasn't been developed yet. It would be nice to build a park, wouldn't it? What's the point of leaving it empty? It's good for students to combine work with rest. Anyway, they won't get a diploma if they don't complete their credits. A school by the sea, close to the city, is easy to attract excellent students, especially students from the mainland. It feels very difficult to retain European and American talent. The local salaries are much lower than places like Silicon Valley."

  The land on the west coast of Hong Kong Island hasn't been developed yet, and the area is large enough.

  Using the construction of a university as a reason, the plan is easy to pass, so Uncle Chen considered it for a moment and didn't directly refuse, only saying: "I need to hold a meeting to discuss it. How much land do you want?"

  "Of course, the bigger the better. I plan to accommodate 10,000 teachers and students. Look at the University of Hong Kong where I studied. The dormitories aren't enough every year, and students have to rent their own apartments off-campus. The rent in Sheung Wan and Central is so high that it can make students cry, and other places aren't cheap either..."

  .....